Residential Building In Kato Pafos , Paphos

Description

For sale residential building in Kato, Paphos, located in an attractive area in one of the most popular area in Paphos.

The building is close to amenities and facilities, within a walking distance to the touristic area of Kato Paphos and the ancient harbour.

It consist of 16 apartment (8 apartments of 1 bedroom and 8 apartments of 2 bedrooms) all of them have covered parking space, storage room and they are fully furnished and equipped.

Ideal for investment.

Approximately annual return €80.000 on long term rental. Could also rent the properties on daily basis as they are near the sea and near all services of the tourist area such as supermarkets - hotels - restaurants- bars - cafes etc.

For more information and to arrange a viewing please contact us.

Property Details
* For Sale
* Property Type: Building
* Property Subtype: Residential
* Location: Paphos, Kato Pafos, Cyprus
* Price: €1,800,000
* VAT: N/A
* Loan Installment: €8,823

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:

Assumptions:

Closing Price: €1,800,000

Own Contribution (30%): €540,000

Loan Amount (70%): €1,260,000

Interest rate: 3.2%

Years of repayment: 15 years